Comments on: HNN Compiling List of Funds Targeting Hotels http://www.squarefeetblog.com/commercial-real-estate-blog/2009/11/19/hnn-compiling-list-of-funds-targeting-hotels/ Commercial Real Estate Blog Thu, 18 Mar 2010 20:55:26 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Joshua http://www.squarefeetblog.com/commercial-real-estate-blog/2009/11/19/hnn-compiling-list-of-funds-targeting-hotels/comment-page-1/#comment-3487 Joshua Fri, 20 Nov 2009 23:50:58 +0000 http://www.squarefeetblog.com/?p=3660#comment-3487 oh, yes, that would make things a lot different. the weddings/golf/corporate events where what that hotel is about. the occupancy this year was slaughtered due to every corporation in the world refusing to deal with monarch beach after the AIG "scandal". its unfortunate cause the place is amazing. oh, yes, that would make things a lot different. the weddings/golf/corporate events where what that hotel is about. the occupancy this year was slaughtered due to every corporation in the world refusing to deal with monarch beach after the AIG "scandal". its unfortunate cause the place is amazing.

]]> By: Square Feet http://www.squarefeetblog.com/commercial-real-estate-blog/2009/11/19/hnn-compiling-list-of-funds-targeting-hotels/comment-page-1/#comment-3472 Square Feet Fri, 20 Nov 2009 15:35:03 +0000 http://www.squarefeetblog.com/?p=3660#comment-3472 Might be a haircut, but the WSJ article indicated occupancy was only at 15% at certain times this year. On top of that, the article also mentioned that...."several parcels vital to the resort -- including its employee parking, access to a large lawn used for weddings and several maintenance facilities for its Robert Trent Jones-designed golf course -- sit on land owned by Makar and Farallon that isn't covered by the mortgage" Perhaps the incidental revenue off golf and events (AIG notwithstanding) warrant such a high price per key, who knows. Might be a haircut, but the WSJ article indicated occupancy was only at 15% at certain times this year. On top of that, the article also mentioned that…."several parcels vital to the resort — including its employee parking, access to a large lawn used for weddings and several maintenance facilities for its Robert Trent Jones-designed golf course — sit on land owned by Makar and Farallon that isn't covered by the mortgage"

Perhaps the incidental revenue off golf and events (AIG notwithstanding) warrant such a high price per key, who knows.

]]> By: Joshua http://www.squarefeetblog.com/commercial-real-estate-blog/2009/11/19/hnn-compiling-list-of-funds-targeting-hotels/comment-page-1/#comment-3464 Joshua Fri, 20 Nov 2009 07:17:10 +0000 http://www.squarefeetblog.com/?p=3660#comment-3464 thats a 38% haircut, is it not? not exactly the "average" decrease but st regis monarch beach is no average location. that is one place that can not be recreated. it should prove to be very well worth when the market for luxury hotels returns. thats a 38% haircut, is it not? not exactly the "average" decrease but st regis monarch beach is no average location. that is one place that can not be recreated. it should prove to be very well worth when the market for luxury hotels returns.

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